NYSE:GVA - Granite Construction Stock Price, News, & Analysis

Get Started

$40.40 -0.93 (-2.25 %)

(As of 12/14/2018 04:00 PM ET)

Previous Close$41.33

Today's Range$40.10 - $41.87

52-Week Range$39.51 - $68.58

Volume464,383 shs

Average Volume392,738 shs

Market Capitalization$2.00 billion

P/E Ratio24.94

Dividend Yield1.22%

Beta1.12

Granite Construction Incorporated operates as a heavy civil contractor and a construction materials producer in the United States. The company operates through three segments: Construction, Large Project Construction, and Construction Materials. The Construction segment undertakes various civil construction projects focusing on new construction and improvement of streets, roads, highways, bridges, site work, underground, power-related facilities, water-related facilities, utilities, and other infrastructure projects. It serves customers in the public sector, including certain federal agencies, state departments of transportation, county and city public works departments, school districts and developers, utilities, and private owners of industrial, commercial, and residential sites. The Large Project Construction segment focuses on large, complex infrastructure projects, including highways, mass transit facilities, bridges, tunnels, waterway locks and dams, pipelines, canals, power-related facilities, water-related facilities, utilities, and airport infrastructure. It also undertakes primarily bid-build, design-build, and construction management/general contractor contracts, together with various contract methods relating to public-private partnerships. The Construction Materials segment mines and processes aggregates; and produces and sells construction materials, primarily asphalt, to contractors, landscapers, manufacturers of products requiring aggregate materials, retailers, homeowners, farmers, and brokers. The company also performs site preparation and infrastructure services for residential development, energy development, commercial and industrial sites, and other facilities; and provides construction management professional services. Granite Construction Incorporated was founded in 1922 and is headquartered in Watsonville, California.

Receive GVA News and Ratings via Email

Sign-up to receive the latest news and ratings for GVA and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Heavy construction, except building construction - contractors

Sub-IndustryConstruction & Engineering

SectorConstruction

Current SymbolNYSE:GVA

Previous Symbol

CUSIP38732810

Webwww.graniteconstruction.com

Phone831-724-1011

Debt

Debt-to-Equity Ratio0.23

Current Ratio1.84

Quick Ratio1.73

Price-To-Earnings

Trailing P/E Ratio24.94

Forward P/E Ratio13.51

P/E Growth2.05

Sales & Book Value

Annual Sales$2.99 billion

Price / Sales0.63

Cash Flow$3.1245 per share

Price / Cash Flow12.93

Book Value$24.91 per share

Price / Book1.62

Profitability

EPS (Most Recent Fiscal Year)$1.62

Net Income$69.09 million

Net Margins2.13%

Return on Equity9.37%

Return on Assets4.95%

Miscellaneous

Employees3,600

Outstanding Shares46,900,000

Market Cap$2.00 billion

OptionableOptionable

Granite Construction (NYSE:GVA) Frequently Asked Questions

What is Granite Construction's stock symbol?

Granite Construction trades on the New York Stock Exchange (NYSE) under the ticker symbol "GVA."

How often does Granite Construction pay dividends? What is the dividend yield for Granite Construction?

Granite Construction declared a quarterly dividend on Thursday, December 13th. Investors of record on Monday, December 31st will be given a dividend of $0.13 per share on Tuesday, January 15th. This represents a $0.52 annualized dividend and a dividend yield of 1.29%. View Granite Construction's Dividend History.

How were Granite Construction's earnings last quarter?

Granite Construction Inc. (NYSE:GVA) issued its quarterly earnings results on Friday, October, 26th. The construction company reported $1.42 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.24 by $0.18. The construction company earned $1.06 billion during the quarter, compared to the consensus estimate of $1.14 billion. Granite Construction had a net margin of 2.13% and a return on equity of 9.37%. The firm's revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.14 earnings per share. View Granite Construction's Earnings History.

When is Granite Construction's next earnings date?

Granite Construction is scheduled to release their next quarterly earnings announcement on Friday, February 15th 2019. View Earnings Estimates for Granite Construction.

What price target have analysts set for GVA?

5 equities research analysts have issued 1 year price objectives for Granite Construction's stock. Their forecasts range from $50.00 to $85.00. On average, they expect Granite Construction's share price to reach $63.80 in the next twelve months. This suggests a possible upside of 57.9% from the stock's current price. View Analyst Price Targets for Granite Construction.

What is the consensus analysts' recommendation for Granite Construction?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Granite Construction in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Granite Construction.

What are Wall Street analysts saying about Granite Construction stock?

Here are some recent quotes from research analysts about Granite Construction stock:

1. According to Zacks Investment Research, "Granite Construction Inc. is one of the nation's largest infrastructure contractors and construction materials producers. Granite specializes in complex infrastructure projects, including transportation, industrial and federal contracting, and is a proven leader in alternative procurement project delivery. Granite is an award-winning firm in safety, quality and environmental stewardship, and has been honoured as one of the World's Most Ethical Companies by Ethisphere Institute for eight consecutive years. Granite is listed on the New York Stock Exchange and is part of the S&P MidCap 400 Index, the MSCI KLD 400 Social Index and the Russell 2000 Index. " (11/1/2018)
2. Canaccord Genuity analysts commented, "We remain at a BUY rating for GVA despite the Q2 miss, which included significant expenses related to acquisitions. We continue to view GVA as well positioned to capitalize on the better funding environment for infrastructure work and expect projects to translate into accelerating growth from the higher-margin Materials business. Further, we remain positive on the recent water-related acquisitions on the increased exposure ahead of an anticipated strong investment cycle. We are adjusting our estimates to reflect the updated full-year guidance while reducing our price target from $75 to $65." (8/9/2018)

Has Granite Construction been receiving favorable news coverage?

Media coverage about GVA stock has trended somewhat positive on Friday, according to InfoTrie. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Granite Construction earned a media sentiment score of 1.2 on InfoTrie's scale. They also assigned media stories about the construction company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near term.

Who are some of Granite Construction's key competitors?

Some companies that are related to Granite Construction include Fluor Co. (NEW) (FLR), CHINA RWY GRP L/ADR (CRWOY), KBR (KBR), Great Lakes Dredge & Dock (GLDD), Construction Partners (ROAD), Grana y Montero SAA (GRAM), Sterling Construction (STRL), Orion Group (ORN), Williams Industrial Services Group (WLMS) and Empresas ICA SAB de CV (ICAYY).

Who are Granite Construction's key executives?

Granite Construction's management team includes the folowing people:

Mr. James Hildebrand Roberts, Pres, CEO & Director (Age 61)
Mr. James Dave Richards, Sr. VP & Northwest Group Mang. (Age 54)
Mr. Dale A. Swanberg, Sr. VP & Large Projects Group Mang. (Age 55)
Mr. Kyle T. Larkin, Sr. VP & California Group Mang. (Age 46)
Ms. Jigisha Desai, Sr. VP & CFO (Age 51)

Who are Granite Construction's major shareholders?

Granite Construction's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (10.65%), Vanguard Group Inc. (8.60%), Vanguard Group Inc (8.60%), Dimensional Fund Advisors LP (5.35%), Alliancebernstein L.P. (3.57%) and Fuller & Thaler Asset Management Inc. (3.01%). Company insiders that own Granite Construction stock include Claes Bjork, James D Richards, James Hildebrand Roberts, Laurel J Krzeminski, Patricia D Galloway and William Howard Powell. View Institutional Ownership Trends for Granite Construction.

Which major investors are selling Granite Construction stock?

GVA stock was sold by a variety of institutional investors in the last quarter, including South Texas Money Management Ltd., Tributary Capital Management LLC, Gabelli Funds LLC, Gamco Investors INC. ET AL, TIAA CREF Investment Management LLC, Federated Investors Inc. PA, Bank of New York Mellon Corp and Allianz Asset Management GmbH. View Insider Buying and Selling for Granite Construction.

Which major investors are buying Granite Construction stock?

GVA stock was purchased by a variety of institutional investors in the last quarter, including Fuller & Thaler Asset Management Inc., Victory Capital Management Inc., Investment Counselors of Maryland LLC, Franklin Resources Inc., Ceredex Value Advisors LLC, Russell Investments Group Ltd., Deprince Race & Zollo Inc. and Macquarie Group Ltd.. Company insiders that have bought Granite Construction stock in the last two years include Claes Bjork and Patricia D Galloway. View Insider Buying and Selling for Granite Construction.

How do I buy shares of Granite Construction?

Shares of GVA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Granite Construction's stock price today?

One share of GVA stock can currently be purchased for approximately $40.40.

How big of a company is Granite Construction?

Granite Construction has a market capitalization of $2.00 billion and generates $2.99 billion in revenue each year. The construction company earns $69.09 million in net income (profit) each year or $1.62 on an earnings per share basis. Granite Construction employs 3,600 workers across the globe.

What is Granite Construction's official website?

The official website for Granite Construction is http://www.graniteconstruction.com.

How can I contact Granite Construction?

Granite Construction's mailing address is 585 WEST BEACH ST, WATSONVILLE CA, 95076. The construction company can be reached via phone at 831-724-1011 or via email at [email protected]

MarketBeat Community Rating for Granite Construction (NYSE GVA)

Community Ranking:		2.4 out of 5 ( )
Outperform Votes:		254 (Vote Outperform)
Underperform Votes:		278 (Vote Underperform)
Total Votes:		532

MarketBeat's community ratings are surveys of what our community members think about Granite Construction and other stocks. Vote "Outperform" if you believe GVA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GVA will underperform the S&P 500 over the long term. You may vote once every thirty days.

This page was last updated on 12/14/2018 by MarketBeat.com Staff